Daily Review of Epichlorohydrin: Continue to Bottom

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] May 26, 2010: The domestic epichlorohydrin market continues to bottom out and is still going down.
On the last trading day (May 25), the mainstream transaction price in East China in the mainstream market has fallen to the range of 16,000 to 16,200 yuan/ton, and the price is reduced by 500 yuan/ton.
According to the analysis of market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn), the trading atmosphere on the day was lighter, and actual negotiations were lacking.
They waited to see the price guidance of major domestic manufacturers.
Resin users are passive in purchasing, in view of the high risks and low prices of epichlorohydrin.
At present, the market sentiment is dull, and there are many low-priced goods.
The factories are temporarily watching the market with stable prices.
The bearish atmosphere is increasing.
It is expected that manufacturers will meet in Jiangsu to formulate a strategy; due to the impact of poor shipments, some manufacturers have reduced their operating loads.
The execution of contract orders and spot transactions are rarely heard.
On Monday, the raw material propylene plummeted by US$50/ton to US$1,090/ton FOB.
Costs continued to decrease, and the pressure on domestic manufacturers’ shipments was slightly increased.
The game between the supply and demand sides continued, and the weak consolidation was the main.
The other raw material liquid chlorine market was relatively stable, Shandong The regional mainstream negotiated price is 1500-1600 yuan/ton.
The downstream epoxy resin market is under increasing pressure, the two major raw materials continue to weaken, the terminal buying is not good, the execution of some orders, and the spot sales are facing downward pressure.
Due to the high cost of raw materials in the early stage, various factories are trying to support prices, but actual discussions have been made.
In a certain space, solid manufacturers are buying gas to cool down, and the resistance to shipments has increased.
Recently, parking or negative load reductions have frequently increased.

    On the last trading day (May 25), the domestic epichlorohydrin market had limited transactions and overall weakness.

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